NANJUNDAPURAM PACCS,COIMBATORE vs. INCOME TAX OFFICER, NON-CORP WARD 2 (1), COIMBATORE

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ITA 613/CHNY/2024Status: DisposedITAT Chennai29 May 2024AY 2016-17Bench: HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM AND HON’BLE SHRI MANU KUMAR GIRI (Judicial Member)3 pages
AI SummaryRemanded

What did the Tribunal hold?

The Tribunal, while noting the assessee's negligence and absence during the hearing, restored the appeals to the CIT(A) for de novo adjudication. This was done to uphold the principle of natural justice and provide another opportunity to the assessee.

What were the facts?

The assessee, a primary agricultural cooperative credit society, was denied deductions under Section 80P(2)(d) and 80P(2)(a)(i) of the Income Tax Act. The CIT(A) confirmed the denial as the assessee failed to make a representation.

What were the issues?

Whether the assessee was eligible for deductions under Section 80P, and whether the assessee should be granted another opportunity to present its case before the CIT(A) despite prior negligence.

Which sections of the Income-tax Act were involved?

Section 80P(2)(d),Section 80P(2)(a)(i)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, ‘B’ BENCH, CHENNAI

Before: HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM & HON’BLE SHRI MANU KUMAR GIRI, JM

Hearing: 20.05.2024Pronounced: 29.05.2024

आयकर अपीलीय अिधकरण ‘’बी’’ �ायपीठ चे�ई म�। IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, CHENNAI माननीय �ी मनोज कुमार अ�वाल ,लेखा सद� एवं माननीय �ी मनु कुमार िग�र, �ाियक सद� के सम�। BEFORE HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM AND HON’BLE SHRI MANU KUMAR GIRI, JM आयकरअपील सं./ & 614/Chny/2024 (िनधा�रणवष� / Assessment Yeas: 2016-17 & 2018-19) Nanjundapuram Primary Agricultural Vs. The Income Tax Officer, Cooperative Credit Society, Non Corporate Ward 2(1) 2/155, Nanjundapuram, Coimbatore Tagagam B.O. Coimbatore 641 108. [PAN: AAAAN 9389G] (अपीलाथ�/Appellant) (��यथ�/Respondent) अपीलाथ� क� ओर से/ Appellant by : Shri. M. Karunanantham, Advocate ��यथ� क� ओर से /Respondent by : Shri. S. Easwar, IRS, JCIT. सुनवाई क� तार�ख/Date of Hearing : 20.05.2024 घोषणा क� तार�ख /Date of Pronouncement : 29.05.2024 आदेश / O R D E R PER MANU KUMAR GIRI (Judicial Member)

Aforesaid appeals by assessee for Assessment Years (AYs) 2016-17 and 2018- 19 arises out of the order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT(A)] dated 13.02.2024 and 05-02- 2024 in the matter of assessment orders framed by the Ld.AO u/s 143(3)of the Act on 21-12-2018 and 23.07.2021 respectively.

2 & 614 /Chny/2024 2. The crux of the issue is that the assessee was denied deduction u/s 80P(2)(d) and u/s 80P(2)(a)(i) of the Act etc. The Ld. CIT(A) confirmed the same since the assessee failed to make any representation therein. Aggrieved, the assessee is in further appeal before us.

3.

During hearing none has appeared for assessee. The Ld. Sr. DR has pleaded for dismissal of the appeal.

4.

Though the assessee has remained negligent, however, keeping in mind the principle of natural justice, we deem it fit to grant another opportunity to the assessee to substantiate its case. Accordingly, the appeal is restored back to learned CIT(A) for de novo adjudication after affording reasonable opportunity of hearing to the assessee. The assessee is directed to substantiate its case forthwith failing which Ld. CIT(A) shall be at liberty to proceed with disposal of appeal on merits.

5.

The appeals filed by the assessee are allowed for statistical purposes.

Order pronounced in the open court on 29th day of May, 2024.

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